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Further Losses

EQUITIES

Another day of declines in Asia, most major bourses losing over 1% as bond yields decline. Hong Kong leads the way lower as the risk-off tone of Tuesday's NY session spilled over into Asia, while Hong Kong authorities suspended vaccinations with the BioNTech Covid-19 jab, citing packaging defects in a single batch of doses. Japanese stocks lost ground for a third day, while markets in China are on track for a fourth daily loss. In Taiwan TSMC weighs after Intel announced plans for two new factories. Markets in New Zealand and Australia were supported by lower domestic currencies.

  • Futures in Europe are lower as markets contemplate fresh lockdowns, while in the US e-mini Dow and S&P are flat, but Nasdaq futures are higher as QQQ, the Invesco QQQ Trust Series 1 ETF which tracks the Nasdaq 100, saw inflows of almost $5bn earlier this week.

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